Losses triple at digital bank Revolut

Losses have more than trebled at digital bank Revolut despite a huge increase in revenue.  The London FinTech reported a loss of £106.5 million in 2019, compared to £32.8m in 2018.  Revenue almost trebled, reaching £162.7m from £58.2m in 2018.  It blamed the mounting losses on geographical and product expansion, with Australia its latest full international launch just this week.  … Continue reading Losses triple at digital bank Revolut